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Deciding whether to invest in card-processing systems that accept credit and debit cards embedded with microchips – also known as EMV, or chip, cards -- is a hot topic in the restaurant world these days. Here’s why: Starting Oct. 1, 2015, merchants who haven’t invested in EMV-enabled equipment will be liable for fraudulent purchases made with a counterfeit credit or debit card. If you’re like many restaurateurs, you may be having a hard time building a business case to take action to meet the EMV “liability shift.” Often, the numbers just can’t justify the time and cost it takes to implement the technology. As restaurants consider purchasing and installing EMV-enabled terminals, here are a few tips and pointers.
Via Craig Aberle
